Electronic Grade Silicon Market Size, Share, Growth Analysis, By Type(CZ Mono-crystalline & Multi-crystalline Silicon), By Purity(9N, 10N & 11N), By Grade(Prime, Test & Prime-epi), By Dopant(p-type & n-type), By Application(Micro-electronic circuit & Photovoltaics), By Region - Industry Forecast 2024-2031

Global Electronic Grade Silicon Market size was valued at USD 3.5 billion in 2019 and is poised to grow from USD 3.7 billion in 2023 to USD 6.15 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).

Silicon is a key component of most modern devices. From supercomputers to microwave ovens, a range of electronic gadgets are powered by this significant semiconductor material. When silicon is pure, it acts as aluminum. Microelectronic device substrates frequently use silicon wafers. They are integrated into or placed over the wafer. Despite the fact that there are various semiconductor materials on the market today, silicon is the most popular. Silicon is the chosen material for electronic devices for a variety of reasons. The Earth's crust's high concentration of silicon is perhaps the most viable reason. Extraction and purification techniques that are incredibly efficient can be used to get silicon. In addition to being readily available, silicon also makes a lovely, stable oxide, is rather robust, and is simple to work with. No matter how large or tiny the requirement, the abundance of silicon makes it possible to produce wafers in various shapes and sizes. Silicon is the ideal material for electronic equipment for such aforementioned factors. Hence, this is one of the prominent factors that drives the growth of the market globally.

US Electronic Grade Silicon Market is poised to grow at a sustainable CAGR for the next forecast year.